Damn, the so called mighty (music wise anyway) has truly fallen down on his luck. Former mega producer Scott Storch, who produced mega-hits for artists like Beyoncé, Chris Brown and 50 Cent, is now in the poor house after his $70 million dollar fortune has now dwindled down to $100 in cash on hand.
TMZ reports that Storch filed bankruptcy yesterdayclaiming he has a grand total of $3,600 of assets to his name — $100 in cash, $500 in clothing and a $3k watch. Most shocking … his music companies are valued at $0.
Storch produced some of the biggest records in music history, including Timberlake’s “Cry Me a River” and Aguilera’s “Fighter.”
He claims in bankruptcy docs he made a grand total of $10,000 last year.
As for how Storch lost his money, he reportedly blew through $30 mil in a 6 month span on drugs.
He also spent a fortune on cars, houses and other extravagances.